Licensing agreement

Agreement under which the licensor grants the licensee a right to use the licensor’s rights. Licensing agreements are primarily concluded in connection with the exploitation of intellectual property rights, such as copyright licences, trademark licences, licences for patent rights and know-how, and software licences. Licensing agreements contain in particular provisions relating to scope of the right of use (one-time or exclusive licence), payment of licence fees, maintenance and protection of licensed rights, and confidentiality.